Oakland Breaks Ground on 119-Unit Affordable Complex
The Residences at Liberation Park is an affordable apartment project in East Oakland backed by multiple financing stacks.
Updated on Nov. 3, 2026 in Apartments
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Construction has begun on The Residences at Liberation Park, a 119-unit affordable apartment complex at 2751 73rd Avenue in East Oakland. A ceremonial groundbreaking was held October 28, and the city of Oakland has leased the land to the project's developers.
Why it matters
The $126.6 million development is restricted to tenants earning no more than 60% of the area median income, expanding affordable housing options for Oakland residents. The project is also a component of a larger mixed-use plan for the site.
The project is priced at $126.6 million across 119 units, with maximum qualifying incomes of $68,370 for one person and $97,680 for a four-person household. The completion date and the scope of remaining mixed-use construction were not disclosed.
The players
Black Cultural Zone Community Development Corporation
A nonprofit community development organization focused on revitalizing and preserving Black cultural and economic life in Oakland.
Eden Housing
A nonprofit affordable housing developer that builds and manages subsidized rental housing in the San Francisco Bay Area.
The details
Financing documents were filed October 15 with the Alameda County Recorder's Office, reflecting a series of real estate deals that enabled the project's funding. The Black Cultural Zone Community Development Corporation and Eden Housing are developing the complex alongside the city's land lease.
Timeline
October 15, 2026: Financing documents filed with the Alameda County Recorder's Office.
October 28, 2026: Ceremonial groundbreaking held for the project.
Seasonal Patterns
Affordable apartment projects financed through tax-credit and public land-lease structures, like this 119-unit complex, follow the AMI-based income caps set by federal housing finance rules. The 60% AMI ceiling here places rents within the eligibility range used across Bay Area affordable developments.
Oakland renters earning up to 60% of area median income may become eligible for the new units once the complex is completed. The project adds affordable rental supply in East Oakland, a neighborhood near Foothill Boulevard and the Eastmont Town Center.
The takeaway
Renters seeking affordable homes in Oakland should track income limits tied to the area median income, since eligibility for projects like this one depends on household earnings. Reviewing listed qualifying incomes before applying can help prospective tenants plan.
Further reading
For more on affordable housing options nearby, explore Apartments in Oakland.
Source note: This article includes information reported by San Jose Mercury News.
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